(Telecompaper) America Movil has announced a deal to acquire Guatemala and El Salvador operations from Telefonica for a total of EUR 570 million. In a short statement, the Mexican telecommunications giant said it paid EUR 293 million for 100 percent of Telefonica's Guatemalan assets and EUR 277 million for 99.3 percent of Telefonica El Salvador. The transaction is subject to customary closing conditions, including regulatory approval for the El Salvador deal. It added that the acquisitions will boost its position in Central America, where it plans to provide next-generation services including 5G.

Telefónica has announced that Telefonica Centroamérica Inversiones has reached an agreement with América Móvil for the sale of the entire share capital of Telefónica Guatemala and 99.3% of Telefónica El Salvador.